The Hartford provides the best small business insurance for funeral home companies due to its affordability and coverage. However, we recommend comparing quotes from our other top picks, including NEXT, Simply Business and Progressive Commercial.
Best Funeral Home Business Insurance
Updated: June 30, 2025
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Key Takeaways
The Hartford is the best business insurance company for funeral home firms because it offers the greatest balance of affordability and customer service.
The cheapest overall commercial insurance provider for funeral home businesses is The Hartford, with low monthly rates for various coverage types.
To find business insurance for your funeral home business, assess the risks in your industry, consult agents and other similar organizations, and compare multiple options.
Best Business Insurance for Funeral Home Companies
| The Hartford | 96 | 98 | 91 |
| NEXT | 95 | 96 | 94 |
| Simply Business | 91 | 92 | 83 |
| Progressive Commercial | 90 | 94 | 81 |
| Coverdash | 89 | 90 | 83 |
| biBerk | 89 | 87 | 91 |
| Hiscox | 88 | 91 | 87 |
| Nationwide | 88 | 84 | 91 |
| Thimble | 87 | 90 | 81 |
| Chubb | 85 | 80 | 87 |
*All scores were based on a funeral-home business with two employees across professional liability, general liability, workers' comp and BOP policies.
1. The Hartford
pros
Lowest professional liability and BOP insurance rates
Extensive experience with over 200 years in the industry
Highest financial stability ratings
cons
Less affordable for workers' comp policies
COMPANY HIGHLIGHTS
The Hartford is the best option for business insurance for funeral homes, with the highest affordability score in our study. The provider offers the lowest rates for both professional liability and BOP insurance, along with the second lowest rates for general liability insurance
The Hartford also tied for second when it comes customer experience, earning high ratings from over 10,000 customers across various industries and coverage types. On top of an A+ from AM Best for financial stability, which is the best in our study, it also has over two centuries of the
2. NEXT
pros
Best customer service experience
Reasonable rates for most coverage types
Large coverage selection
cons
Slower quote times than competition
Lower financial stability ratings
COMPANY HIGHLIGHTS
For funeral home operations, NEXT is the second-best overall provider and the top option for customer service. It has quickly established credibility by earning an outstanding 4.7 out of 5.0 rating from over 3,000 satisfied customers.Â
NEXT ranks second in our cost analysis with annual workers' compensation policies beginning at just $156. This combination of proven customer satisfaction and budget-friendly rates makes NEXT particularly well-suited for funeral homes seeking reliable coverage without excessive premium costs.
3. Simply Business
pros
Wide range of coverage
Competitive rates for most coverage types
cons
Policies are underwritten by third-parties
Claims handled through different insurer
COMPANY HIGHLIGHTS
Simply Business earned third place in our funeral home business insurance rankings by providing a marketplace platform that connects funeral directors with multiple specialized insurers. The service excels at helping funeral home operators compare coverage options and rates, streamlining the process of finding appropriate policies for their unique operational risks and regulatory requirements.
Cheapest Business Insurance for Funeral Home Firms
NEXT offers the cheapest overall commercial insurance for funeral home companies across most policy types. However, this applies only to funeral home companies with two employees, and you may find lower rates elsewhere. Below are the most affordable providers by major coverage types.
Cheapest General Liability Insurance for Funeral Home Companies
With an average monthly rate of $47, NEXT offers the lowest-cost general liability insurance for funeral home companies. Even so, consider getting quotes from the next-most-affordable insurers: The Hartford and Nationwide.
| NEXT | $47 | $560 |
| The Hartford | $50 | $595 |
| Nationwide | $53 | $638 |
| Simply Business | $58 | $691 |
| Progressive Commercial | $60 | $716 |
| Coverdash | $63 | $762 |
| Thimble | $64 | $764 |
| Hiscox | $65 | $783 |
| Chubb | $73 | $882 |
| biBerk | $81 | $968 |
Cheapest Workers' Comp Insurance for Funeral Home Companies
For funeral home businesses shopping for workers' comp insurance, Thimble tops our list as the most affordable insurer, with average rates of $11 per month or $137 yearly. But, you may find more affordable rates with Progressive Commercial, Hiscox, biBerk and NEXT.
| Thimble | $11 | $137 |
| Progressive Commercial | $12 | $148 |
| biBerk | $13 | $162 |
| Coverdash | $13 | $157 |
| Hiscox | $13 | $154 |
| NEXT | $13 | $160 |
| Simply Business | $13 | $153 |
| The Hartford | $13 | $156 |
| Nationwide | $14 | $173 |
| Chubb | $15 | $185 |
Cheapest Professional Liability Insurance for Funeral Home Companies
The Hartford offers the most affordable professional liability insurance options for funeral home companies, with low average monthly rates of $72. You may also want to compare prices from other low-cost providers like NEXT, Progressive Commercial and Simply Business.
| The Hartford | $72 | $870 |
| NEXT | $75 | $897 |
| Progressive Commercial | $76 | $917 |
| Simply Business | $79 | $950 |
| Hiscox | $80 | $958 |
| Thimble | $80 | $965 |
| Coverdash | $81 | $973 |
| biBerk | $83 | $1,002 |
| Nationwide | $87 | $1,041 |
| Chubb | $94 | $1,129 |
Cheapest BOP Insurance for Funeral Home Companies
For funeral homes seeking combined general liability and property insurance in a business owner's policy (BOP), The Hartford offers the lowest average annual rate at $760. This is around $51 cheaper yearly than the next cheapest provider, NEXT.
| The Hartford | $63 | $760 |
| NEXT | $68 | $811 |
| Nationwide | $80 | $962 |
| Simply Business | $87 | $1,038 |
| Progressive Commercial | $89 | $1,066 |
| Coverdash | $92 | $1,098 |
| Hiscox | $98 | $1,176 |
| Thimble | $98 | $1,181 |
| biBerk | $106 | $1,275 |
| Chubb | $109 | $1,313 |
What Type of Coverage Do You Need for a Funeral Home Business?
Most companies with employees are legally required to carry workers' comp insurance, and businesses that use vehicles must have commercial auto coverage. Many clients or contracts also require businesses to carry general liability insurance before starting work. A surety bond may also be needed in certain industries.
RECOMMENDED FUNERAL HOME BUSINESS COVERAGE
General liability insurance is recommended for funeral home companies because it covers common risks like bodily injury, property damage and legal defense costs. Professional liability insurance is also a smart option for businesses that work under client contracts or provide specialized services. This coverage is useful for companies offering specialized services or handling large contracts where the risk of disputes is higher.
How to Get the Best Cheap Business Insurance for Your Funeral Home Company
Follow the steps below to find the best and cheapest business insurance for your funeral home company.
- 1
Decide on coverage needs before buying
Consider risks specific to your business for claims, get advice from similar businesses, talk to agents and research the types of business insurance. This will give you a balanced perspective on your coverage needs.
- 2
Research costs
Research average costs for your business to find which providers offer the cheapest rates overall. This will give you an idea of how much you're saving when comparing quotes and which companies to start with.
- 3
Look into company reputations and coverage options
To further narrow your list, research what customers say on online rating sites and forums to get a more comprehensive look at company services.
- 4
Compare multiple quotes through different means
Comparing many quotes from different sources is a good idea. Pricing differs by your method of comparison, namely, captive agents, comparison sites, company websites or independent agents.
- 5
Reassess annually
Your business will likely change over time, so you should reassess and repeat these steps annually to be sure you still have the best deal.
How to Decrease Your Funeral Home Business's Liability Risk
Mitigating risk is necessary for funeral home businesses to manage insurance costs effectively. By reducing liability risk, you can lower your insurance premiums over time. Below, we've organized risk mitigation strategies by business type or risk level to help you find the best fit.
Funeral Home Business Risk Type | Included Types of Funeral Home Businesses | Risk Mitigation Tactics |
|---|---|---|
Highest | Embalming services, infectious disease remains handling, crematory operations, body transportation across state lines, hazardous remains disposal, autopsy preparation |
|
Moderately high | Full-service funeral arrangements, graveside services, memorial services with catering, pre-need funeral sales, grief counseling services, body preparation without embalming |
|
Moderate | Basic funeral services, viewing/visitation services, burial coordination, memorial products sales, flower arrangements, obituary services |
|
Moderately low | Memorial planning consultation, cemetery plot sales, funeral merchandise retail, monument/headstone services, simple cremation services |
|
Lowest | Funeral planning consultation, grief support groups, memorial service planning, funeral cost estimation, referral services, bereavement resources |
|
Best Insurance for Funeral Home Business: Bottom Line
The Hartford is the best funeral home business insurance insurer, offering top-rated coverage and the most affordable rates. We also recommend getting quotes from NEXT, Simply Business and Progressive Commercial. For the best deal, talk to agents, research providers and pricing, and compare multiple quotes.
Funeral Home Business Insurance: FAQ
This section answers frequently asked questions about business insurance for funeral homes.
Who offers the best funeral home business insurance overall?
The Hartford is the best provider of business insurance for funeral homes with an exceptional customer service reputation and a MoneyGeek score of 96 out of 100. NEXT follows closely.
Who has the cheapest business insurance for funeral home companies?
Here are the cheapest business insurance companies for funeral home companies by coverage type:
- Cheapest general liability insurance: NEXT at $47 monthly
- Cheapest workers' comp insurance: Thimble at $11 monthly
- Cheapest professional liability insurance: The Hartford at $72 monthly
- Cheapest BOP insurance: The Hartford at $63 monthly
What business insurance is required for funeral home organizations?
Workers' compensation insurance (if you have employees) and commercial auto insurance (if you own business vehicles) are legally required for funeral home businesses, with requirements varying by state. While not legally mandated, general liability insurance and surety bonds are effectively required by most commercial clients and property leases.
How much does funeral home business insurance cost?
Business insurance costs for funeral home businesses vary depending on the type of coverage. Below, we've broken down costs for commonly needed coverage for small businesses:
- General Liability: $73 per month
- Workers' Comp: $95 per month
- Professional Liability: $88 per month
- BOP Insurance: $101 per month
How We Chose the Best Funeral Home Business Insurance
We selected the best business insurer for funeral-home companies based on the following criteria:
- Affordability (50% of score): The lower a company's costs compared to the competition based on our base profile for four core coverage types, the better it performs.
- Customer service (30% of score): We scored providers on overall customer satisfaction using industry studies, customer review forum ratings and public forum sentiment analysis from sites like Reddit.
- Coverage (15% of score): We scored business insurance for this category based on the flexibility, payment and actual coverage options.
- Financial stability (5% of score): Using financial stability industry ratings from companies like AM Best and Moody's, we created an overall rating to judge how likely a company is to pay out claims compared to the competition.
All pricing in this article is based on the following base profile to represent the vast majority of small businesses in all states:
- Three-person business with two employees
- Coverage: $1 million per occurrence and $2 million total per year for all but BOP, which includes the same coverage plus $5,000 of business property coverage
- $150,000 in payroll
- $300,000 annual revenue
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
sources
- AM Best. "Hartford Fire Insurance Company." Accessed June 27, 2025.
- NEXT. "Customer Reviews." Accessed June 27, 2025.